IntercontinentalExchange 4Q profit declines

From Forbes.com: Exchange operator IntercontinentalExchange Inc. said Tuesday its fourth-quarter profit fell 24 percent due to costs tied to an investment in an Indian exchange and expenses related to a previous acquisition.

ICE also said it is also planning to cut between 5 percent and 7 percent of its staff during the first quarter. It had 795 employees at the end of 2008….. Full Article: Source